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On Tuesday, the main contract of Shanghai aluminum 1806 basically maintained an overnight gain, first fell and then rose during the day, trading at 14720-14985 yuan / ton, and closing at 14920 yuan / ton at the end, up 2.
02% per day, setting a new high since January 25 this year, and effectively running above the moving average group, with a clear
upward trend.
Shanghai aluminum continued the positive arrangement of near, low, far and high, of which the positive price difference between Shanghai aluminum 1805 contract and 1806 contract remained at 75 yuan / ton
.
In the external market, Asia Lun aluminum rushed back down, of which the 3-month LME aluminum reported 2427 US dollars / ton, the trading range was 2430-2360 US dollars / ton, up 1.
91%
per day.
At present, the Lun aluminum level is still above all moving average groups, and after the sharp rise in the previous day, the position is reduced and the long and short repeated trading, and the short-term is expected to fall into a high oscillation finish
.
In terms of industry, data from the National Bureau of Statistics showed that China's primary aluminum (electrolytic aluminum) production in March was 2.
78 million tons, an increase of 4.
0% year-on-year, and an increase of about 13% month-on-month, and the cumulative output of China's primary aluminum (electrolytic aluminum) from January to March was 8.
11 million tons, a slight decrease of 91,000 tons or 1.
11% year-on-year.
In terms of the market, on April 17, Shanghai aluminum trading concentrated 14680-14700 yuan / ton, the discount for the month was 50-30 yuan / ton, Wuxi transaction concentration was 14680-14700 yuan / ton, Hangzhou transaction concentration was 14670-14690 yuan / ton
.
Spot prices rose sharply, the discount shrank after the change of month, the cargo holder shipment attitude is very positive, the circulation supply is sufficient, some middlemen are bullish, there are still receiving goods, downstream enterprises purchase according to just demand, and the overall transaction supply exceeds demand
.
In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 871023 tons, an increase of 6621 tons
from the previous trading day.
As of April 17, LME aluminum ingot stocks were 1,412,400 tons, up 52,125 tons
from the previous trading day.
In terms of information, according to an EU official, after the United States imposed tariffs last month, the EU will begin to monitor aluminum imports as part of
an import restriction plan.
In the coming weeks, the European Commission will set up an aluminum import monitoring system as a precursor to launching a "safeguard" investigation into whether global aluminum exports have been affected by the 10% aluminum tariff imposed by the United States on national security grounds and flowed into the EU
.
During the day, Shanghai aluminum 1806 opened high and closed at 14920 yuan / ton, hitting a new high in nearly two months for two consecutive days
.
Due to the continuous fermentation of US sanctions against Rusal, the short-term aluminum market has a strong bullish atmosphere, and it is recommended to focus on more ideas
.
Operationally, it is recommended that the Shanghai aluminum 1806 contract can be backed above 14,700 yuan to bargain more, the entry reference is around 14,800 yuan, and the target is 15,100 yuan
.
